Recession fears return to haunt economies across Europe

The eurozone will enter a period of stagnation rather than a contraction, economists believe

Britain’s private-sector companies shed workers at the fastest pace since the pandemic and the depths of the financial crisis.

Private-sector activity in the eurozone has continued to shrink in September, suggesting the economy contracted in the current quarter. 

Despite dodging a recession in the wake of Russia’s invasion of Ukraine, the euro region is struggling under the weight of higher energy prices, a surge in borrowing costs and waning demand in export markets like China.